Wednesday, 02 October 2019 16:47

Disposal of Abbotsinch Retail Park, Paisley

Hammerson plc has exchanged contracts for the sale of Abbotsinch Retail Park, Paisley to Ashby Capital for £67m. The sale price represents a net initial yield of 7.8% and is 3% below book value as at 30 June 2019.   

Shareholders are advised that MAS, through a wholly-owned subsidiary, MAS (IOM) Holdings Limited, has concluded a sale and purchase agreement (“SPA”) to acquire from New Uberior House Holding Limited.

Shareholders are advised that MAS has, through a wholly-owned subsidiary, New Waverley 20 Limited, entered into an agreement for lease with the UK government (respectively, the “Agreement” and the “Tenant”) for the office component of the New Waverley development in Edinburgh, Scotland.  

"With the start of the Six Nations Championship, we decided to take a timely comparative analysis of the prime capital city residential performance for each of the competing nations", Knight Frank says.

Knight Frank & Miller Harris have sold one of the largest Scottish estates to be put up for sale in recent years, Auch & Invermearan, for over its £11m guide price.

A property developer with powerful South African backing claims that his new building, which is planned for Edinburgh in Scotland, will be a 'vibrant scheme'. 

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